HOW DOES BANKRUPTCY AFFECT OUTSTANDING MEDICAL BILL OBLIGATIONS?
Medical issues can result in an outstanding medical debt for unpaid balances or balances not covered by insurance. Medical costs have skyrocket over the last several years. Bankruptcy can help discharge or significantly reduce medical debts. Like any other debt owed, if you fail to make full and timely payments on the debt, you may be sued for the debt harassed by bill collector and can also have your wages garnished for up to 25% percent of your wages. Furthermore, if you are delinquent, as with any other creditor, bill collectors can call you to attempt collections on your debt. Financial stress is not what you want to be dealing with when you are fighting through medical issues. Bankruptcy protection will allow you to alleviate the financial burden of mounting medical bills and harassing medical debt collections.